Blogs

10 Year Notes---The 10 year note in the March contract finished lower by 4 ticks at 124/05 continuing its bearish momentum to the downside as I have written about this market for quite some time & if we close under the 124 level I will be initiating a short position while placing the stop loss above the 10 day high standing at 124/27 risking around $1,000 per contract plus slippage & commission.

Corn Futures--- Corn futures in the March contract are trading lower by 1 cent at 3.47 a bushel hitting another fresh contract low as this market has absolutely no fundamental news to push prices to the upside at this point in my opinion as I'm currently sitting on the sidelines, but I'm certainly not recommending any type of bullish position as the grain market is incredibly weak.

Cotton Futures--- Cotton futures in the March contract are currently trading up 10 points at 73.10 reacting neutral to the USDA crop report which raised exports and lowered ending stocks, but that has already been reflected into the price as cotton has had a hard time breaking the 74 level as it was attempted earlier in the session, but now is selling off towards the closing bell.

TRADING THEORY ----What Is The RSI Oscillator ? ---The RSI oscillator ranges from 0 to 100 and when a commodity is deemed to be at overbought levels when the RSI approaches the 70 level and beyond meaning if the oscillator has an overbought condition of 92 that is higher and even more of an overbought condition then the 70 level and could mean that its getting overvalued and is a good candidate for a short term pullback.

Lumber Futures--- Lumber futures in the January contract are currently trading down 300 points at 426.80 as I have been recommending a bearish position from around the 426 level & if you took the trade the stop loss remains the same at 439 as traders are awaiting tomorrow's FOMC meeting on interest rates which will send high volatility into this market.

Gold Futures--- Gold futures in the February contract are trading lower for the 4th consecutive session down another $4 at 1,242 an ounce continuing its bearish momentum as traders are awaiting tomorrow's FOMC meeting as they look to raise interest rates as speculation also is that they might raise interest rates 3 times in 2018 as that is a bearish fundamental indicator towards gold and the precious metals as that is why you have seen selling across the

Silver Futures--- Silver futures in the March contract have now traded lower 10 out of the last 11 sessions lower by another 8 cents at 15.70 an ounce hitting a 5 month low as the precious metals across the board remain very weak as all of the interest at the current time is in the cyber currency called Bitcoin as that is the main reason why I think prices have dropped so dramatically in the last several weeks.

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Bitcoin Futures---Bitcoin futures in the January contract are currently down 85 points at 18,460 as this is a new contract that began in yesterday's trade as I will not give any recommendations at this point as we need to have some type of chart pattern to develop which will take several more weeks to occur as the volatility in this cyber currency is extremely high as that's what you're looking for as a trader so we will make this an active part o

Natural Gas Futures--- Natural gas futures in the January contract finished up 3 points to close at 2.80 stopping the recent slide to the downside as the cold weather has entered the Midwestern part of the United States as I am not that impressed with today's move to the upside as we closed right near session lows.

Sugar Futures---Sugar futures in the March contract are trading lower for the 5th consecutive trading session down another 10 points at 13.95 a pound continuing its short-term bearish momentum as I was recommending a bullish position getting stopped out in last week's trade at the 2 week low as now prices are at a 6 week low right at major support.

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